Portugal settles with JP Morgan over hedging contracts LISBON (Reuters) - Portugal has reached an agreement with JP Morgan in a row over costly interest rate hedging contracts sold to state companies, the finance ministry said on Wednesday. The dispute, during which both sides threatened legal action at one point, stems from complex hedging products sold by various banks to companies such as the Lisbon and Porto metro operators. The government has ...
June 12, 2013 - Reuters via Yahoo! News

Quotes

Joseph Crowley in NewsOK.com (registration) Joseph Crowley, a Queens Democrat who participated in the call, said her answer "left open the possibility that she would do anything that she can to contribute toward a Democratic victory in November. There was no hedging on that. Whatever she can...

Geoff Dixon in International Herald Tribune Despite our fuel-hedging strategy, fuel surcharges, two separate across-the-board fare increases and a recruitment freeze,Dixon said, "we are not bridging the widening gap between the actual increase in the cost of fuel and the amount we...

Chris Dodd in Reuters This proposal addresses the underlying concern of putting depository funds at risk. ...... It puts a stop to proprietary trading, but also recognizes that there are legitimate hedging activities that banks need to engage in,Dodd said.